ML20136D627

Advises That Financial Info Submitted for 1985 in Satisfies Requirements of 10CFR140.21

ML20136D627
Person / Time
Site:	Vermont Yankee
Issue date:	12/30/1985
From:	Saltzman J NRC OFFICE OF STATE PROGRAMS (OSP)
To:	Shader D VERMONT YANKEE NUCLEAR POWER CORP.
References
NUDOCS 8601060224
Download: ML20136D627 (2)

Text

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i DE.c 301985 Ms.-Debbie Shader Insurance & Tax Administrator Vermont Yankee Nuclear Power Corp.

RD 5, Box 169, Ferry Road Brattleboro, Vermont 05301

Dear Ms. Shader:

We have reviewed the financial information submitted for 1985 in your letter of November 30, 1985 and conclude that it satisfies the requirements of Section 140.21 of 10 CFR Part 140 that each licensee maintain an approved guarantee of payment of deferred premiums for each operating reactor over 100 Mw(e) that it owns in whole or in part.

Sincerely, Oris h D 0d27 f*J. it c -l Jerome Saltzman, Assistant Director State and Licensee Relations Office of State Programs Distribution:

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l NRC ,ORM 318 (10 8G) NRCM 0240 0FFIClAL RECORD COPY uso m nu m ,w L

e VERMONT YANKEE NUCLEAR POWER CORPORATION '

1985 Estimated Cash Flow (Dollars in 000's) '

Quarter Ended Internal Funds March 31 June 30 Sept. 30 Dec. 31 Total Net Income 1,713. 2,118 2,470 2,470 8,771 Depreciation 3,328 3,228 2,937 2,977 12,470 Fuel Amortization 7,374 7,318 5,777 -

20,469 Income Tax Accrual 671 1,199 1,573 1,721 5,164 Dividends (1,658) (2,079) (2,466) (2,467) (8,670)

Income Tax Refund (Payments) 120 1,302 -

(700) 722 Fuel Disposal Payments (1,128) (1,141) (1,132) (894) (4,295) g Pro-Forma Power Cost Assessment Under y Power Contracts for Retrospective ,

Premiums payable by Sponsors per 10 CFR, Section 140.21 10,000 10,000 _.10,000 10,000 "10,000 y/

20,420 21,945 19,159 13,107 44,631 gd')

l Pro-Forma Internal Cash Flow q{39,$l ,%

Other Sources - Net 2,551 (3,723) 3,916 1,893 4,637 l External Financing - Net 2,580- (371) (1,481) 24,602 -25,330 / ); O Total Funds From All Sources 25,551 17,851 21,594 39,602 74,598 N k

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Cash Requirements ff Construction Expenditures 3,346 2,979 7,361 28,297 41,983 i Nuclear Fuel Purchases 12,205 4,872 4,233 1,305 22,615 l

Pro-Forma Retrospective Premium 10,000 10,000 10,000 10,000 10,000 Total Cash Requirements 25,551 17,851 21,594 39,602 74,598 I hereby certify that I am Vice President Finance & Administration and Treasurer of Vermont Yankee Nuclear Power Corporation and that this statement fairly represents the estimated Cash Flow of the Company for the period ended 12/31/85.

7W! SQVJ*]\

Jo n T. Pearson N ce President Finance & Administration, Treasurer ,

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